605 W Colfax Street Palatine, IL ^$ 599,900

605 W Colfax Street

^$ 599,900

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Recently Listed

605 W Colfax Street

Palatine, IL, 60067

^$ 599,900

Bedrooms-- Baths-- Sq 4,800

Monthly Estimate*

^$ 3,788

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Commercial Property for sale in Palatine, IL

for $599,900. This 4,800 square foot building was built in 1968 on a lot size of 0.238751.

PRIME LOCATION and GREAT VISIBILITY on this well known corridor of Businesses near Downtown Palatine and across from Palatine Post Office. Original Owners of this flagship Welding and Fabricating business have Retired and this almost 5000 sq. ft. Building Offers a Blank Canvas for YOU!!!! Excellent Street and Sign Exposure with 15' Ceiling Heights, 4 Overhead Garage Doors, Large Back and Side Lots with a Steel Shipping Container included for Extra Storage, 2 Large Inside Loft Spaces, 2 Bathrooms and a Small Cozy Office. This is a Must See as Owners are offering Building less than Appraised Value-Built to Last with Lots of Extras! Inside Space offers endless Possibilities to Start/Move/Expand your Business. Now Vacant and Easy to Show. Truly "One of a Kind".

Commercial Active

Price

^$ 599,900

Property Type

Commercial

Taxes

^$ 27,023

Style

Lot Size

0.238751

Year Built

1968

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12702962

Features

General

Cooling Office Only

Possession Closing Immediate

Zoning INDUS

Construction Materials Brick Block Steel Siding

Year Built 1968

Electric Service - 201 to 600 Amps

Stories Count 1

Tax Year 2025

Gross Income 0

County Cook

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Industrial

Status New

Directions From Quentin Rd go East on South side of Street From Smith Rd go West on South side of Street Near Palatine Post Office

City Palatine

MLS Area Palatine

Lot Size Square Feet 10400

Tax Annual Amount 27023

Additional Parcels Y/N N

Leasable Area 4800

Standard Status Active

Exterior

Building Area Total 4800

Lot Dimensions 103 X 100

* Excluded Features

List By

Keith C. Vargo Enterprises

Broker

keithvargo@comcast.net;keithcvargo@gmail.com

Affordability Calculator

$6,040

Per Month

Monthly Principal & Interest: $3,788
Monthly Property Taxes: $2,252
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Palatine, IL

Average List Price ^$572,688

Percent of Sale Price 5%

About Palatine, IL

67,137 Population

2% Since 2002

^$76,021 Median Income

39.39 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/13/2026	$599,900		Listed Price

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605 W Colfax Street, Palatine, IL, 60067 is a Commercial Property for sale at $599,900 with 4,800 sqft and a lot size of 0.238751. 605 W Colfax Street was built in 1968. The property's zip code is 60067 which is in Palatine, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 7/14/2026.

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605 W Colfax Street

Commercial Property for sale in Palatine, IL

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